Econ434matchingA

Econ434matchingA - would be closest and most uniquely...

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Matching & Miscellaneous Practice Questions History of Economic Thought 1. Matching: Neatly draw arrows to identify the school of thought that best specifically encompasses the ideas of these economic thinkers. 60 points 2. Neatly draw arrows to identify whether the following goods tend to be rival or nonrival, and whether exclusion or nonexclusion is more characteristic of the good. 60 points
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3. Neatly draw arrows to indicate whether these thinkers favored a relatively larger role for centralized decisionmaking (government) in economic decisionmaking or a relatively more limited one, with decentralized decisionmaking. 30 points 4. Use capital letters to match these economists with the schools of thought with whom they
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Unformatted text preview: would be closest and most uniquely associated. John Baptiste Say A. utilitarianism St. Thomas Aquinas B. “high” theory Milton Friedman C. general equilibrium analysis Veblen, Ayres, Commons, and Galbraith D. public choice theory Akerlof, Spence, and Stiglitz E. medieval scholasticism Leon Walras and Vilfredo Pareto F. Austrian economics Paul Samuelson and Kenneth Arrow G. classical macroeconomics James Mill and John Stuart Mill H. Quantity Theory of Money Eugen Böhm-Bawerk and Carl Menger I. American Institutionalism James Buchanan and Gordon Tullock J. economics of information...
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This note was uploaded on 01/12/2010 for the course ECON 434 taught by Professor Byrns during the Spring '09 term at UNC.

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Econ434matchingA - would be closest and most uniquely...

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